Alphabet Inc. $GOOGL Shares Sold by Atwater Malick LLC

Atwater Malick LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,653 shares of the information services provider’s stock after selling 311 shares during the period. Alphabet comprises about 4.9% of Atwater Malick LLC’s portfolio, making the stock its 7th biggest holding. Atwater Malick LLC’s holdings in Alphabet were worth $15,447,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GOOGL. Brighton Jones LLC lifted its stake in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its holdings in Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. GAMMA Investing LLC increased its holdings in Alphabet by 10.5% in the 1st quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after acquiring an additional 9,900 shares in the last quarter. Investment Partners Asset Management Inc. increased its holdings in Alphabet by 1.4% in the 1st quarter. Investment Partners Asset Management Inc. now owns 17,534 shares of the information services provider’s stock worth $2,711,000 after acquiring an additional 241 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC increased its holdings in Alphabet by 2.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 20,302 shares of the information services provider’s stock worth $3,140,000 after acquiring an additional 430 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 2.1%

Shares of GOOGL opened at $236.57 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $256.00. The firm has a 50-day moving average price of $226.31 and a 200 day moving average price of $188.49. The firm has a market capitalization of $2.86 trillion, a P/E ratio of 25.19, a P/E/G ratio of 1.63 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. Sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet’s dividend payout ratio is currently 8.95%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GOOGL. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday. Piper Sandler boosted their price target on shares of Alphabet from $220.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a report on Wednesday, September 3rd. DA Davidson boosted their price target on shares of Alphabet from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, September 2nd. Finally, Robert W. Baird boosted their price target on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.88.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 953 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $241.20, for a total transaction of $229,863.60. Following the completion of the transaction, the chief accounting officer owned 17,294 shares of the company’s stock, valued at $4,171,312.80. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the transaction, the chief executive officer directly owned 2,402,119 shares of the company’s stock, valued at approximately $584,699,785.79. This trade represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,738 shares of company stock valued at $59,135,475 in the last three months. 11.64% of the stock is currently owned by corporate insiders.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.